Switzerland Moves Toward First Spot Bitcoin ETF, Aiming for Nov.

Switzerland has taken a notable step toward mainstream access to spot Bitcoin by approving the country’s first retail-focused spot Bitcoin exchange-traded fund (ETF). FINMA, the Swiss financial regulator, confirmed on Tuesday that it has cleared a spot Bitcoin fund for public offering, with trading expected to begin in November. While FINMA did not name the issuer in its announcement, BIT Asset Management later said its Bitcoin Fund ETF (BBIT) is expected to start trading on SIX Swiss Exchange next month.

Source: Crypto Breaking News